WORK Medical Technology Group LTD (NASDAQ:WOK) Short Interest Update

WORK Medical Technology Group LTD (NASDAQ:WOK) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 301,444 shares, a growth of 474.1% from the June 30th total of 52,511 shares. Based on an average trading volume of 2,038,808 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on WOK shares. Wall Street Zen raised shares of WORK Medical Technology Group from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th. Weiss Ratings reissued a “sell (e+)” rating on shares of WORK Medical Technology Group in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, WORK Medical Technology Group currently has an average rating of “Sell”.

WORK Medical Technology Group Stock Up 0.5%

Shares of WORK Medical Technology Group stock opened at $2.05 on Monday. WORK Medical Technology Group has a one year low of $1.78 and a one year high of $930,000.00. The business has a 50-day simple moving average of $6.70 and a 200 day simple moving average of $101.18.

Insider Activity

In related news, major shareholder Financial Lp Hrt acquired 880,456 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The shares were bought at an average cost of $0.05 per share, with a total value of $44,022.80. Following the completion of the purchase, the insider directly owned 1,271,912 shares in the company, valued at $63,595.60. The trade was a 224.92% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. In the last ninety days, insiders bought 960,133 shares of company stock worth $957,353 and sold 180,440 shares worth $984,223.

About WORK Medical Technology Group

WORK Medical Technology Group Ltd. engages in developing health instruments. It manufactures and sells medical devices, including endotracheal tubes, laryngeal mask airways, heat and moisture exchanging filters, disposable breathing circuits, nebulizer kits, and yankauer suction sets. The company was founded on March 1, 2022 and is headquartered in Hangzhou, China.